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Ron Paul: Barack Obama is Not a Socialist

NEW ORLEANS–Republicans and tea party activists are fond of accusing President Barack Obama of being a socialist, but today party gadfly Ron Paul said they had it wrong.

“In the technical sense, in the economic definition, he is not a socialist,” the Texas Republican said to a smattering of applause at the Southern Republican Leadership Conference.

“He’s a corporatist,” Paul quickly added, meaning the president takes “care of corporations and corporations take over and run the country.”

Supporters of the Texas lawmaker appear to represent a significant number of the 3,500 attendees here, fueling speculation that Paul is likely to win the straw poll later today. The Campaign for Liberty, Paul’s political outfit, declined to discuss how many of his supporters were at SRLC.

The Texan’s supporters often descend on political gatherings to vote for him in 2012 straw polls. In February, he won the Conservative Political Action Conference’s straw poll with a hefty 31% of the vote.